Trump Blocks Broadcom's Qualcomm Acquisition

Dan Jones
3/12/2018
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The White House issued an order late Monday blocking Broadcom from acquiring Qualcomm for $117 billion.

"The proposed takeover of Qualcomm by the Purchaser [Broadcom] is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited," the White House said in a statement Monday.

The White House imposition shortly follows the annoucement of a CFIUS national security review of the proposed buyout. (See Broadcom Speeds US Return to Strengthen Qualcomm Bid.)

This appears to represent the end of Broadcom's multi-billion dollar bid to buy Qualcomm, which the board of the San Diego-based cellular silicon giant has always resisted.

Meanwhile, Intel is reportedly looking into buying Broadcom. (See Intel Could Bid for Broadcom – WSJ Report.)

— Dan Jones, Mobile Editor, Light Reading

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Gabriel Brown
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Gabriel Brown,
User Rank: Light Sabre
3/13/2018 | 12:08:32 PM
Re: Globalism
I read the Bloomberg piece (the same one, I think). The focus on Huawei was over-done and the link from Broadcom to Huawei appeared concocted.

Obviously, Huawei wants to be more successful in 5G. It's a commerical enterprise first and foremost. But the national security objections, so far as I understand it, were quite a bit broader than one specific compnay. Either Bloomberg knows something it didn't include in the story, or they quickly cobbled together a piece. I saw ZTE mentioned a couple times too.
mendyk
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mendyk,
User Rank: Light Sabre
3/13/2018 | 11:26:14 AM
Re: Globalism
Shoot first. Ask questions later. Or maybe you don't even have to ask questions.
DanJones
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DanJones,
User Rank: Blogger
3/13/2018 | 11:22:07 AM
Re: Globalism
Interesting that this happened so fast, the review was supposed to continue until April.
mendyk
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mendyk,
User Rank: Light Sabre
3/13/2018 | 10:59:02 AM
Globalism
Bloomberg is speculating that Huawei's potential influence over Broadcom is a big reason for this move.
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